Manual Controls
Controls performed manually, not by computer.
Materiality
Information important enough to change an investor's decision. Materiality
includes the absolute value and relationship of an amount to other
information.
Material weakness
A condition in which internal controls do not reduce to a
relatively low level the risk that material errors or fraud may occur
and not be detected in a timely period by employees in the normal
course of their duties.
Memory dump
The act of copying raw data from one place to another with little
or no formatting for readability. Usually, dump refers to copying
data from main memory to a display screen or a printer. Dumps are
useful for diagnosing bugs. After a program fails, one can study the
dump and analyze the contents of memory at the time of the failure.
Dumps are usually output in a difficult-to-read form (that is, binary,
octal or hexadecimal), so a memory dump will not help unless each
person knows exactly for what to look.
Memos
Written records supporting journal entries. Credit memos
support credits, while debit memos support debit entries.
Misappropriate
To embezzle or appropriate dishonestly for one's own use.
Misconduct
Improper conduct or behavior undertaken with the knowledge
that it violates a standard or willful disregard for that possibility,
the intention to harm another, or for the purpose of personal profit,
advantage, or gain.
Misstatement
Stated wrongly or falsely. Untrue financial statement information.
Mitigating
Reducing in force or intensity.
Modem (modulator-demodulator)
Connects a terminal or computer to a communications network via a
telephone line. Modems turn digital pulses from the computer into
frequencies within the audio range of the telephone system. When acting
in the receiver capacity, a modem decodes incoming frequencies.
Modulation
The process of converting a digital computer signal into an analog
telecommunications signal.
Monetary unit sampling
A sampling technique that estimates the amount of overstatement in
an account balance.
Monitor
Any information collection mechanism utilized by an intrusion detection
system.
Monitoring policy
The rules outlining the way in which information is captured and interpreted.
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